$479 million office tower breaks ground in downtown Toronto

PCL is building a $479 million new office tower at 16 York St in Toronto.

The Cadillac Fairview building, developed in partnership with the Ontario Pension Board, has 32-storey and 879,000 sq. ft., but exceptionally, there isn’t a major tenant yet. The developers are building the project on speculation.

Lobby rendering, image via Cadillac Fairview

Designed by architectsAlliance and B+H Architects, the new tower will be architecturally integrated with the Ïce complex to the south,” reports UrbanToronto.ca. “Extending the Ïce towers’ shared tabletop podium to the north, 16 York will meet the street level with a tall atrium lobby and retail spaces. Reflecting the form of the towers above, the curving podium roof that fronts the southeast corner of Ïce—another architectsAlliance design—will gradually take on a sharper, more angular form below the rectilinear office tower.”